Latest news with #EngineAI
The Star
4 days ago
- Business
- The Star
China's customisable robot market may be about to take off
A store near a bustling shopping centre in the southern Chinese city of Shenzhen feels more like a small robotics fair, with all kinds of robots – from humanoid assistants to food delivery bots and massage machines – quietly drawing curious eyes. Amid the excited chatter of children accompanying their parents, company owners, investors and tech enthusiasts busily exchange contact details and discuss collaboration. Some hope to place their own robots in the newly opened 60 square metre (646 sq ft) store; others are looking to make a purchase. China's robotics industry has expanded rapidly in recent years and is now eyeing vast consumer and service markets – a familiar playbook for the country's manufacturers. The Future Era store, which opened in Shenzhen's Longgang district on Monday, bills itself as the world's first '6S' robot store – offering leasing and customisation services in addition to the traditional '4S' retail staples of a showroom, sales, spare parts and customer service. Customers can browse the many models on display and then choose to buy, rent or even build their own by selecting components that suit their needs. The store showcases robots from companies such as Hangzhou-based Unitree Robotics, and Shenzhen's Engine AI and Leju Robot, with daily rental prices ranging from around 5,000 yuan to 20,000 yuan (US$695 to US$2,781). Instead of paying robot makers hefty agent fees, it adopts a profit-sharing model, splitting revenues 50-50 with the manufacturers, deputy manager Zhang Shuai said. Customers can receive the robots they order in less than 10 days, he said, even when modifications are required to meet specific needs. 'This is currently one of the most efficient ways to connect robot makers with customers,' Zhang said. 'People can come in, see and interact with the products in person – or just stumble in out of curiosity and discover the latest models on display for potential collaboration.' Amid intensifying tech rivalry with the United States, China's robotics industry has emerged as a key pillar of Beijing's broader strategy to seize an early edge in emerging technologies and position itself at the forefront of the next global wave of innovation. Leveraging its manufacturing scale, rapid iteration cycles and well-developed supply chains, China's robotics industry is rapidly scaling up, poised to tap into a vast domestic market and accelerate real-world adoption. China was home to more than 741,700 robotics-related companies last year, Shenzhen Daily reported, with many of the sector's leading players moving on to mass production. Unitree shipped over 20,000 robot dogs last year, securing nearly 70 per cent of the global consumer-grade legged robot market, according to the Gaogong Industry Research Institute, a market research firm based in Shenzhen. Zhang said Future Era had received orders worth more than 200,000 yuan in its first week of operation. With the robotics industry booming, every part of the value chain holds potential While Shenzhen, in Guangdong province, is a renowned innovation hub, similar stores are in the pipeline across the country – some backed by private investors eyeing the sector's potential, others supported by local governments keen to promote emerging industries. 'It's a real business opportunity,' said Duan Lixiao, who travelled from Hainan province to visit the Future Era store. She has already secured a location in a shopping centre in Haikou, Hainan's provincial capital, hoping to bring the concept back home. 'With the robotics industry booming, every part of the value chain holds potential,' Duan said. Lin Hong, a marketing executive at a robotics company in Guangzhou, Guangdong's provincial capital, said many local governments across the country were planning to assist in the setting up of robotics stores. He said 'more than 10 local governments' had approached the company about placing its robots in stores they planned to launch, citing interest from provinces such as Sichuan, Shanxi and Hebei. Among the agreements signed by Lin's company is one with a store in Beijing that is expected to open this month. Zhang said Future Era received strong support from the district government, with officials helping it connect with robot manufacturers and facilitating collaboration. The store had signed agreements with more than 50 robot makers and component suppliers, he said. 'We're planning to open more than 50 stores like this across the country,' Zhang said. 'People from various provinces have already approached us, expressing interest in becoming franchise partners.' - SOUTH CHINA MORNING POST
South China Morning Post
25-07-2025
- Business
- South China Morning Post
China's Unitree debuts US$5,900 humanoid robot in race to make cheaper products
Unitree Robotics, which is gearing up for an initial public offering (IPO), unveiled its R1 humanoid model priced from 39,999 yuan (US$5,900), making it affordable for individual developers and consumers. Advertisement Marketed as 'born for sport', the R1 was seen doing a cartwheel, walking on its 'hands', throwing a punch, lying down then standing up, and running down a hill, according to a video posted on Chinese social media on Friday. The machine weighs 25 kilograms and features 26 joints. The company has not disclosed other details. The R1 is the cheapest humanoid robot from the Hangzhou, Zhejiang province-based unicorn. Two earlier models, the G1 which stands 130cm tall and weighs 35kg, and the H1 at 180cm and weighing 47kg, start at 99,000 yuan and 650,000 yuan, respectively. These prices are cheaper than offerings from Chinese rivals. In March, Hong Kong-listed UBTech Robotics released a life-size humanoid robot for research purposes, priced at 299,000 yuan. Shenzhen-based EngineAI's PM01 model , released in December, was on sale for 88,000 yuan as of the end of March, but it is only 138cm tall. Unitree Robotics said its R1 was 'born for sport'. Photo: Handout
Korea Herald
24-07-2025
- Business
- Korea Herald
EngineAI Raises Nearly RMB 1 Billion in Pre-A++ and A1 Rounds, Led by JD.com
SHENZHEN, China, July 24, 2025 /PRNewswire/ -- After securing investments earlier this year from leading Middle Eastern and South Korean investors, EngineAI has successfully concluded its Pre-A++ and A1 funding rounds. The Pre-A++ round was led by XPeng-backed Rockets Capital, while spearheaded the A1 round with participation from strategic investors CATL Capital (affiliated with CATL) and Yintai Group, as well as institutional investors TH Capital, Guochen Venture Capital (Fortune Capital affiliate), and Huangpu River Capital. Existing shareholders also joined the two rounds. The strong investor confidence allows EngineAI to enter into mass production, further diversify product lines, and achieve breakthroughs in the real-world deployment of embodied intelligence and related technologies. A rising star in humanoid robotics, EngineAI drives innovation through cutting-edge technology, delivering intelligent, hyper-agile robots. Its proprietary joint modules set industry benchmarks for explosive power, torque, and rotational speed, enabling lifelike motion. By solving Sim2Real challenges, the company has carved out a unique tech advantage, achieving millimeter precision in high-dynamic maneuvers like complex dances, front flip, and sprinting. The global humanoid robotics market is forecast to exceed $100 billion by 2030, driven by strong enterprise demand across manufacturing, services, and logistics. EngineAI's "open-source hardware + ecosystem profit-sharing" model accelerates market penetration through strategic partnerships, enabling rapid application diversification and developer engagement. To overcome embodied intelligence hurdles, the company merges traditional control systems with reinforcement learning, boosting efficiency, precision, and reliability. This dual approach not only truly meets market demands but also gradually penetrates into consumer households, forming a unique commercial ecosystem. The newly secured capital will enable rapid advancement of EngineAI's core initiatives in H2 2025: EngineAI has established strategic collaborations with industry giants including NVIDIA, Amazon, Tencent, and ByteDance to advance humanoid robotics applications across commercial services, hazardous operations, and cultural tourism. These partnerships are accelerating the path to large-scale commercial adoption. With production accelerating and certain production segments already exceeding capacity targets, EngineAI is on track to complete optimization upgrades ahead of Q4 2025. This expansion ensures reliable delivery of advanced robotic solutions, positioning the company for successful mass-market penetration. EngineAI is expanding its workforce across critical R&D, production, and market expansion roles. The company is simultaneously enhancing its internal training programs to develop employees' technical and leadership capabilities, building a sustainable talent engine for continuous innovation. Looking ahead, EngineAI will intensify efforts in mass production, product diversification, and embodied AI implementation, contributing core strengths to the high-quality development of the humanoid robotics industry.
Yahoo
24-07-2025
- Business
- Yahoo
EngineAI Raises Nearly RMB 1 Billion in Pre-A++ and A1 Rounds, Led by JD.com
SHENZHEN, China, July 24, 2025 /PRNewswire/ -- After securing investments earlier this year from leading Middle Eastern and South Korean investors, EngineAI has successfully concluded its Pre-A++ and A1 funding rounds. The Pre-A++ round was led by XPeng-backed Rockets Capital, while spearheaded the A1 round with participation from strategic investors CATL Capital (affiliated with CATL) and Yintai Group, as well as institutional investors TH Capital, Guochen Venture Capital (Fortune Capital affiliate), and Huangpu River Capital. Existing shareholders also joined the two rounds. The strong investor confidence allows EngineAI to enter into mass production, further diversify product lines, and achieve breakthroughs in the real-world deployment of embodied intelligence and related technologies. A rising star in humanoid robotics, EngineAI drives innovation through cutting-edge technology, delivering intelligent, hyper-agile robots. Its proprietary joint modules set industry benchmarks for explosive power, torque, and rotational speed, enabling lifelike motion. By solving Sim2Real challenges, the company has carved out a unique tech advantage, achieving millimeter precision in high-dynamic maneuvers like complex dances, front flip, and sprinting. The global humanoid robotics market is forecast to exceed $100 billion by 2030, driven by strong enterprise demand across manufacturing, services, and logistics. EngineAI's "open-source hardware + ecosystem profit-sharing" model accelerates market penetration through strategic partnerships, enabling rapid application diversification and developer engagement. To overcome embodied intelligence hurdles, the company merges traditional control systems with reinforcement learning, boosting efficiency, precision, and reliability. This dual approach not only truly meets market demands but also gradually penetrates into consumer households, forming a unique commercial ecosystem. The newly secured capital will enable rapid advancement of EngineAI's core initiatives in H2 2025: Product Development: EngineAI has built a comprehensive product matrix spanning bipedal and full humanoid robots across performance tiers. The company is now scaling trial production and delivery, targeting a 5x expansion of its production team to meet surging demand. Technology Leadership: Embodied intelligence R&D will see intensified investment to fast-track core technology commercialization, solidifying EngineAI's global market position. EngineAI has established strategic collaborations with industry giants including NVIDIA, Amazon, Tencent, and ByteDance to advance humanoid robotics applications across commercial services, hazardous operations, and cultural tourism. These partnerships are accelerating the path to large-scale commercial adoption. With production accelerating and certain production segments already exceeding capacity targets, EngineAI is on track to complete optimization upgrades ahead of Q4 2025. This expansion ensures reliable delivery of advanced robotic solutions, positioning the company for successful mass-market penetration. EngineAI is expanding its workforce across critical R&D, production, and market expansion roles. The company is simultaneously enhancing its internal training programs to develop employees' technical and leadership capabilities, building a sustainable talent engine for continuous innovation. Looking ahead, EngineAI will intensify efforts in mass production, product diversification, and embodied AI implementation, contributing core strengths to the high-quality development of the humanoid robotics industry. For more information about EngineAI, please visit CONTACT: Zibin Cencenzb@ View original content to download multimedia: SOURCE EngineAI Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Cision Canada
24-07-2025
- Business
- Cision Canada
EngineAI Raises Nearly RMB 1 Billion in Pre-A++ and A1 Rounds, Led by JD.com
SHENZHEN, China, July 24, 2025 /CNW/ -- After securing investments earlier this year from leading Middle Eastern and South Korean investors, EngineAI has successfully concluded its Pre-A++ and A1 funding rounds. The Pre-A++ round was led by XPeng-backed Rockets Capital, while spearheaded the A1 round with participation from strategic investors CATL Capital (affiliated with CATL) and Yintai Group, as well as institutional investors TH Capital, Guochen Venture Capital (Fortune Capital affiliate), and Huangpu River Capital. Existing shareholders also joined the two rounds. The strong investor confidence allows EngineAI to enter into mass production, further diversify product lines, and achieve breakthroughs in the real-world deployment of embodied intelligence and related technologies. A rising star in humanoid robotics, EngineAI drives innovation through cutting-edge technology, delivering intelligent, hyper-agile robots. Its proprietary joint modules set industry benchmarks for explosive power, torque, and rotational speed, enabling lifelike motion. By solving Sim2Real challenges, the company has carved out a unique tech advantage, achieving millimeter precision in high-dynamic maneuvers like complex dances, front flip, and sprinting. The global humanoid robotics market is forecast to exceed $100 billion by 2030, driven by strong enterprise demand across manufacturing, services, and logistics. EngineAI's "open-source hardware + ecosystem profit-sharing" model accelerates market penetration through strategic partnerships, enabling rapid application diversification and developer engagement. To overcome embodied intelligence hurdles, the company merges traditional control systems with reinforcement learning, boosting efficiency, precision, and reliability. This dual approach not only truly meets market demands but also gradually penetrates into consumer households, forming a unique commercial ecosystem. The newly secured capital will enable rapid advancement of EngineAI's core initiatives in H2 2025: Product Development: EngineAI has built a comprehensive product matrix spanning bipedal and full humanoid robots across performance tiers. The company is now scaling trial production and delivery, targeting a 5x expansion of its production team to meet surging demand. Technology Leadership: Embodied intelligence R&D will see intensified investment to fast-track core technology commercialization, solidifying EngineAI's global market position. EngineAI has established strategic collaborations with industry giants including NVIDIA, Amazon, Tencent, and ByteDance to advance humanoid robotics applications across commercial services, hazardous operations, and cultural tourism. These partnerships are accelerating the path to large-scale commercial adoption. With production accelerating and certain production segments already exceeding capacity targets, EngineAI is on track to complete optimization upgrades ahead of Q4 2025. This expansion ensures reliable delivery of advanced robotic solutions, positioning the company for successful mass-market penetration. EngineAI is expanding its workforce across critical R&D, production, and market expansion roles. The company is simultaneously enhancing its internal training programs to develop employees' technical and leadership capabilities, building a sustainable talent engine for continuous innovation. Looking ahead, EngineAI will intensify efforts in mass production, product diversification, and embodied AI implementation, contributing core strengths to the high-quality development of the humanoid robotics industry. For more information about EngineAI, please visit
